Short Sales Resisted – Foreclosures Are Revived

This is an interesting article about the background of short sales and what the banks are thinking as they foreclose on homes.

“But hard-pressed homeowners like Lydia Sweetland are asking why lenders often balk at a less disruptive solution: short sales, which allow owners to sell deeply devalued homes for less than what remains on their mortgage.”

Read the whole story at The New York Times site.